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my answes may be wrong please fix My subscriptions Jocelyn thom The following transactions occurred during December, the first month of operations for Farly Company,
my answes may be wrong please fix
My subscriptions Jocelyn thom The following transactions occurred during December, the first month of operations for Farly Company, Prepare journal entries and create a T-account for accounts payable that includes the following five transactions. 1 Purchased $900 of inventory on account. 2 Purchased $200 of inventory on account. 3. Pald suppliers $550 4 Purchased $500 of inventory on account 5 Paid suppliers $300. th eth Credit Debit 8000 8000 375 . 375 General Journal Ref. Description (1) Inventory Accounts Payable To record purchase of inventory on account (2) Inventory Accounts Payable To record purchase of inventory on account (3) Inventory Cash To record payment to suppliers (4) Accounts Payable . Inventory To record purchase of inventory on account Accounts Payable Cash To record payment to suppliers 2800 2800 600 600 500 500 Accounts Payable (1) (2) (3) (4) (5) Balance Step by Step Solution
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